Oceanwide Properties, who specialize in Turkish property, have welcomed the Turkish government extension of residence permits for foreign property owners from three months to one year. The extended permits for people who own property in Turkey are to be introduced by the government in order to attract more foreign direct investment.

With an eye on the best emerging markets in Europe, Turkey has become not only a solid performer where travel and tourism is concerned, but for real estate investment as well. Reforms there, along with one of the region’s strongest economies, measure up for real opportunity.

Istanbul is officially an investment hotspot of late, having seen a 27% rise in foreign investment in this year alone. While increasing numbers of people are choosing to live in the city, the tourism sector is also growing rapidly, meaning Istanbul is one of the fastest-growing cities in Europe at the moment. This shortage of […]